My wife and I have no debt except a mortgage. We have just reached our financial goal of saving 6 months of living expenses for an emergency. I currently contribute over my company match in my 401k, but not the max. We max my Roth IRA, and also have a Roth for my wife. Wondering what the community would do with the extra $1000? Our house is valued at $300k and we owe $180k. If we added the $1000 to our mortgage payments, I think we could have the house paid off in 10 years. However, if we invested $1000 in an S&P500 ETF that hopefully made about 10%, we could potentially have a $200k investment egg. I need help… Not smart enough to know which is better!
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Hey Brandon— Jeremy has another post that covers this. Not sure you can go wrong with either option, as long you’re doing what makes you happy!
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Well dang… as if he wrote that article just for me! Thanks Tom, for bringing me to the answer.
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